RICHMOND, Va.—Best Buy and a major, undisclosed office-supply retail chain are testing a new consumer-friendly packaging approach to combat theft, all the way from the supply chain to the showroom.
SEATTLE, Wash.—Attorneys representing warehouse workers for online retail giant Amazon.com estimate some 100,000 people are owed more than $100 million in back wages and penalties for time spent on security lines, according to an article from The Morning Call, an Allentow
YARMOUTH, Maine—To counteract big losses from employee theft, some loss prevention experts in the retail industry are turning to mammoth databases to track employees accused of stealing retail merchandise.
IRVINE, Calif.—A new report from The Retail Equation, a developer of retail transaction solutions, examines the extent of the damage inflicted on retailers by return fraud and abuse, which drains between $8.9 billion and $17.2 billion from the U.S.
WINSTON-SALEM, N.C.—Goodwill stores are a shopping destination for many a bargain-hunter and that’s good news for the non-profit, whose re-sale proceeds go toward programs to help those with employment challenges improve their economic self-sufficiency.
YARMOUTH, Maine—The next two months present the biggest challenge to retail loss prevention specialists, not just because of the increased number of shoppers and volume of sales, but because of the number of temporary employees on the floor.
SPRINGDALE, Ark.—Harps Food Stores’ recent investment in scan-avoidance technology has pointed out front-end problems that need to be addressed along with some specific cashier thefts, John Rinks, a district manager, who also is in charge of loss prevention for the 68-sto
DALLAS—Shrink is on the rise, reported Professor Richard Hollinger from the University of Florida, who shared preliminary findings of the annual National Retail Security Survey with retailers attending the National Retail Federation’s Loss Prevention Conference & Expo in Dallas on June 14.
CHARLOTTE, N.C.—Family Dollar stores around the nation will soon be protected by third-party monitored video, a move that is intended to reduce shrink and replace guard services for the retailer. At the end of April, Iverify announced it won a five-year contract valued at $39 million to provide video monitoring services to 529 Family Dollar stores, nationwide.
